Looking at buying a pharmacy? Do proper due diligence - <a href='https://www.sykes-cpa.com/schedule-a-meeting/'>schedule a meeting with us here.</a> The most important step you can take when buying a pharmacy is performing the right due diligence, but what should you be looking for?In this episode of The Pharmacy Ownership Podcast, Scotty Sykes, CPA, CFP®, and Ollin Sykes, CPA, CITP, CMA share critical insights into the due diligence process when purchasing a pharmacy.Tune in to learn more.Did you like this episode? Stay up to date on new episodes by liking and subscribing!Want to read and follow along with this episode? <a href='https://www.sykes-cpa.com/the-pharmacy-ownership-podcast-due-diligence-what-to-look-for-when-buying-a-pharmacy/'>Click here for the transcript.</a> Stay connected with us on social media:<a href='https://www.youtube.com/redirect?event=video_description&amp;redir_token=QUFFLUhqbENnSU5jN0pBSjZEV1NsOFRvYUQ2TlRiWl91d3xBQ3Jtc0tsbnBoRG80WkZKRWJCMWlhTHpwSEdaMjF3MXNkSnB1aWRHQ2JSbkxVTGFEZ2c4NTA0RnRHRm1OYWlCYlk3WTNnSFVPRWlXVHZGWmRQdjBxNmVSMlZvdE1GVXJ0bWFkOXdJZ0d1OTBrSTF3RVBIUF91RQ&amp;q=https%3A%2F%2Fwww.facebook.com%2Fsykesandco&amp;v=smmNR_SFOwg'>Facebook</a><a href='https://www.youtube.com/redirect?event=video_description&amp;redir_token=QUFFLUhqbjB2RkNUcHFGZ0dUc0xXZDE0MzVDWnRWajR4d3xBQ3Jtc0ttVGE5bERiQ2VkdVc5a09uN0ZfSHBGd3pXc3RPbDhXb1cycTFKd0tpUHNHSnI2OG5YMl9qOG1zcTgyTVh3cXcydVg2Z1VZOW92TUVLeWloNnBaRzAtd1B4YThrWmN0WWJxNzdoOGttVFZJRmlUZHZPUQ&amp;q=https%3A%2F%2Ftwitter.com%2FOllinSykes&amp;v=smmNR_SFOwg'>Twitter</a><a href='https://www.youtube.com/redirect?event=video_description&amp;redir_token=QUFFLUhqbEZnT01CblNmWlRZdHkwZEdpWUpndjAyS1dvd3xBQ3Jtc0tsaGQ0NzJ4RjhZTTIyOHdYcHQ2SE0zc0tuYzBsWGZySDVKS2ozdHlsUFg2N19xb3lOWGNXeGdzdWRRS2V0MENNa3RBald2SDQybEpkTFBUMDNoUnRXRXlldDdlTU84LUctN3JQSlRqWEtpWEhuTUVGUQ&amp;q=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fsykes-%26-company-p-a-%3Ftrk%3Dtyah&amp;v=smmNR_SFOwg'>LinkedIn</a><a href='https://www.youtube.com/redirect?event=video_description&amp;redir_token=QUFFLUhqazZqSW9oZXFUZTJ1NlZnb3pycURuLVIwd0VZZ3xBQ3Jtc0tuOWlpem1zRlMwMm5wNHBuMklGV1V5ZlNrd0wxZVBnWlIwQzNmd0dnMW9hTV93bTU1c3RGWVZUUERoZGc4TGJlQzJrNlNTdWdlVS04RGo4QTdFOXJGeUtWNVlOZWsyMnhqS1JUS1Z0OFczWFVqenFOdw&amp;q=https%3A%2F%2Fwww.instagram.com%2Fsykescpa%2F&amp;v=smmNR_SFOwg'>Instagram</a><a href='https://www.youtube.com/redirect?event=video_description&amp;redir_token=QUFFLUhqbnc0blpnNnFySFZkemo0TVd2c05WSV9CMUpqd3xBQ3Jtc0tsSW5DbjJ1cnBvdklQY2ExZElXeDIwY2s0R2hheFM0ZFoxSjZFaG1WZmczM0h6NVN0U3BQX0tZVGhDODFXdWJGY25zU3JuU2FNLUdmTzloa2ZheDRQODFlenJxdXhCbnduT2p5S2lJSmZ1Q2s4eXFYcw&amp;q=https%3A%2F%2Fwww.linkedin.com%2Fin%2Follinsykes%2F&amp;v=smmNR_SFOwg'>Ollin Sykes , CPA, CITP, CMA LinkedIn</a><a href='https://www.youtube.com/redirect?event=video_description&amp;redir_token=QUFFLUhqa2xMd21qd0dJX3Qxc3NBUDlsWG43cnNxLUpUZ3xBQ3Jtc0tsYVNGMkVkV2FIZzBKekM4SDdKV3pkY0x1RXo4Q0JsUXN0bmNyUEV6NTNKa1NUeFFSZzlQdFRqWGxwRDhFM2xXU0xlanlRUWtvSko1eUtxZ3l6aDd4VmZxVXZ2OGZvVHZiU3FzSVM1bTNtZEhMYTZiaw&amp;q=https%3A%2F%2Fwww.linkedin.com%2Fin%2Fscottysykes%2F&amp;v=smmNR_SFOwg'>Scotty Sykes – CPA, CFP LinkedIn</a><a href='https://www.youtube.com/redirect?event=video_description&amp;redir_token=QUFFLUhqbGFiVENCTVJiWkVoeXk4T2tkamxHankxeXc3UXxBQ3Jtc0tuN3doM1lDVE9SVngzX01pLVZ3aU8zNVB1R1ItdDgyWmpIakJMaHhlNkROaDVreGNsbGhlTmw1OEh6Z0F6eVF1V3RnRWk2OC1zdDFCQVdZNGc4ZllfUF9ST0U1U1ZSQ1BTVms1U3p4RUZFTC1SdDJTTQ&amp;q=https%3A%2F%2Ftwitter.com%2FScottySykesCPA&amp;v=smmNR_SFOwg'>Scotty Sykes – CPA, CFP Twitter</a> More resources about this topic:<a href='https://www.sykes-cpa.com/the-entrepreneurial-pharmacy-podcast-what-is-due-diligence/'>Podcast – What is Due Diligence</a><a href='https://www.sykes-cpa.com/the-entrepreneurial-pharmacy-podcast-buying-&lt;/truncato-artificial-root&gt;'></a>

<description>&lt;p&gt;Looking at buying a pharmacy? Do proper due diligence - &lt;a href='https://www.sykes-cpa.com/schedule-a-meeting/'&gt;schedule a meeting with us here.&lt;/a&gt;&lt;br/&gt;&lt;br/&gt;The most important step you can take when buying a pharmacy is performing the right due diligence, but what should you be looking for?&lt;/p&gt;&lt;p&gt;In this episode of The Pharmacy Ownership Podcast, Scotty Sykes, CPA, CFP®, and Ollin Sykes, CPA, CITP, CMA share critical insights into the due diligence process when purchasing a pharmacy.&lt;/p&gt;&lt;p&gt;Tune in to learn more.&lt;/p&gt;&lt;p&gt;Did you like this episode? Stay up to date on new episodes by liking and subscribing!&lt;/p&gt;&lt;p&gt;Want to read and follow along with this episode? &lt;a href='https://www.sykes-cpa.com/the-pharmacy-ownership-podcast-due-diligence-what-to-look-for-when-buying-a-pharmacy/'&gt;Click here for the transcript.&lt;/a&gt;&lt;br/&gt;&lt;br/&gt;&lt;/p&gt;&lt;p&gt;&lt;b&gt;Stay&lt;/b&gt; &lt;b&gt;connected&lt;/b&gt; &lt;b&gt;with&lt;/b&gt; &lt;b&gt;us&lt;/b&gt; &lt;b&gt;on&lt;/b&gt; &lt;b&gt;social&lt;/b&gt; &lt;b&gt;media&lt;/b&gt;:&lt;/p&gt;&lt;p&gt;&lt;a href='https://www.youtube.com/redirect?event=video_description&amp;amp;redir_token=QUFFLUhqbENnSU5jN0pBSjZEV1NsOFRvYUQ2TlRiWl91d3xBQ3Jtc0tsbnBoRG80WkZKRWJCMWlhTHpwSEdaMjF3MXNkSnB1aWRHQ2JSbkxVTGFEZ2c4NTA0RnRHRm1OYWlCYlk3WTNnSFVPRWlXVHZGWmRQdjBxNmVSMlZvdE1GVXJ0bWFkOXdJZ0d1OTBrSTF3RVBIUF91RQ&amp;amp;q=https%3A%2F%2Fwww.facebook.com%2Fsykesandco&amp;amp;v=smmNR_SFOwg'&gt;Facebook&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href='https://www.youtube.com/redirect?event=video_description&amp;amp;redir_token=QUFFLUhqbjB2RkNUcHFGZ0dUc0xXZDE0MzVDWnRWajR4d3xBQ3Jtc0ttVGE5bERiQ2VkdVc5a09uN0ZfSHBGd3pXc3RPbDhXb1cycTFKd0tpUHNHSnI2OG5YMl9qOG1zcTgyTVh3cXcydVg2Z1VZOW92TUVLeWloNnBaRzAtd1B4YThrWmN0WWJxNzdoOGttVFZJRmlUZHZPUQ&amp;amp;q=https%3A%2F%2Ftwitter.com%2FOllinSykes&amp;amp;v=smmNR_SFOwg'&gt;Twitter&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href='https://www.youtube.com/redirect?event=video_description&amp;amp;redir_token=QUFFLUhqbEZnT01CblNmWlRZdHkwZEdpWUpndjAyS1dvd3xBQ3Jtc0tsaGQ0NzJ4RjhZTTIyOHdYcHQ2SE0zc0tuYzBsWGZySDVKS2ozdHlsUFg2N19xb3lOWGNXeGdzdWRRS2V0MENNa3RBald2SDQybEpkTFBUMDNoUnRXRXlldDdlTU84LUctN3JQSlRqWEtpWEhuTUVGUQ&amp;amp;q=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fsykes-%26-company-p-a-%3Ftrk%3Dtyah&amp;amp;v=smmNR_SFOwg'&gt;LinkedIn&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href='https://www.youtube.com/redirect?event=video_description&amp;amp;redir_token=QUFFLUhqazZqSW9oZXFUZTJ1NlZnb3pycURuLVIwd0VZZ3xBQ3Jtc0tuOWlpem1zRlMwMm5wNHBuMklGV1V5ZlNrd0wxZVBnWlIwQzNmd0dnMW9hTV93bTU1c3RGWVZUUERoZGc4TGJlQzJrNlNTdWdlVS04RGo4QTdFOXJGeUtWNVlOZWsyMnhqS1JUS1Z0OFczWFVqenFOdw&amp;amp;q=https%3A%2F%2Fwww.instagram.com%2Fsykescpa%2F&amp;amp;v=smmNR_SFOwg'&gt;Instagram&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href='https://www.youtube.com/redirect?event=video_description&amp;amp;redir_token=QUFFLUhqbnc0blpnNnFySFZkemo0TVd2c05WSV9CMUpqd3xBQ3Jtc0tsSW5DbjJ1cnBvdklQY2ExZElXeDIwY2s0R2hheFM0ZFoxSjZFaG1WZmczM0h6NVN0U3BQX0tZVGhDODFXdWJGY25zU3JuU2FNLUdmTzloa2ZheDRQODFlenJxdXhCbnduT2p5S2lJSmZ1Q2s4eXFYcw&amp;amp;q=https%3A%2F%2Fwww.linkedin.com%2Fin%2Follinsykes%2F&amp;amp;v=smmNR_SFOwg'&gt;Ollin Sykes , CPA, CITP, CMA LinkedIn&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href='https://www.youtube.com/redirect?event=video_description&amp;amp;redir_token=QUFFLUhqa2xMd21qd0dJX3Qxc3NBUDlsWG43cnNxLUpUZ3xBQ3Jtc0tsYVNGMkVkV2FIZzBKekM4SDdKV3pkY0x1RXo4Q0JsUXN0bmNyUEV6NTNKa1NUeFFSZzlQdFRqWGxwRDhFM2xXU0xlanlRUWtvSko1eUtxZ3l6aDd4VmZxVXZ2OGZvVHZiU3FzSVM1bTNtZEhMYTZiaw&amp;amp;q=https%3A%2F%2Fwww.linkedin.com%2Fin%2Fscottysykes%2F&amp;amp;v=smmNR_SFOwg'&gt;Scotty Sykes – CPA, CFP LinkedIn&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href='https://www.youtube.com/redirect?event=video_description&amp;amp;redir_token=QUFFLUhqbGFiVENCTVJiWkVoeXk4T2tkamxHankxeXc3UXxBQ3Jtc0tuN3doM1lDVE9SVngzX01pLVZ3aU8zNVB1R1ItdDgyWmpIakJMaHhlNkROaDVreGNsbGhlTmw1OEh6Z0F6eVF1V3RnRWk2OC1zdDFCQVdZNGc4ZllfUF9ST0U1U1ZSQ1BTVms1U3p4RUZFTC1SdDJTTQ&amp;amp;q=https%3A%2F%2Ftwitter.com%2FScottySykesCPA&amp;amp;v=smmNR_SFOwg'&gt;Scotty Sykes – CPA, CFP Twitter&lt;/a&gt;&lt;/p&gt;&lt;p&gt; &lt;/p&gt;&lt;p&gt;&lt;b&gt;More&lt;/b&gt; &lt;b&gt;resources&lt;/b&gt; &lt;b&gt;about&lt;/b&gt; &lt;b&gt;this&lt;/b&gt; &lt;b&gt;topic&lt;/b&gt;:&lt;/p&gt;&lt;p&gt;&lt;a href='https://www.sykes-cpa.com/the-entrepreneurial-pharmacy-podcast-what-is-due-diligence/'&gt;Podcast – What is Due Diligence&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href='https://www.sykes-cpa.com/the-entrepreneurial-pharmacy-podcast-buying-&amp;lt;/truncato-artificial-root&amp;gt;'&gt;&lt;/a&gt;&lt;/p&gt;</description>

Looking at buying a pharmacy? Do proper due diligence - schedule a meeting with us here.The most important step you can take when buying a pharmacy is performing the right due diligence, but what should you be looking for?In this episode of The Pharmacy Ownership Podcast, Scotty Sykes, CPA, CFP®, and Ollin Sykes, CPA, CITP, CMA share critical insights into the due diligence process when purchasing a pharmacy.Tune in to learn more.Did you like this episode? Stay up to date on new episodes by l...

Due Diligence: What to Look for When Buying a Pharmacy

Think you&apos;re ready to sell your pharmacy? <a href='https://www.sykes-cpa.com/pharmacy-buy-sell-advisory-services/'>Schedule a meeting with us</a>! If you&apos;re a multi-location pharmacy owner, you’re going to want to tune in to this episode of the Pharmacy Ownership Podcast! In this episode <a href='https://www.sykes-cpa.com/your-team/scotty-sykes/'>Scotty Sykes, CPA, CFP®</a> and <a href='https://www.sykes-cpa.com/your-team/ollin-sykes/'>Ollin Sykes, CPA, CITP, CMA</a> tackle a common yet complex issue: selling a single pharmacy location from a multi-store entity.   With real-world examples, Scotty and Ollin walk you through: <ul><li>The crucial steps of spinning off one location </li><li>Importance of proper accounting practices, like using class codes for profit and loss statements and balance sheets</li><li>Common pitfalls pharmacy owners face when they haven’t prepared for such a transaction </li><li>Key advice for owners looking to avoid financing roadblocks and ensure a smooth sale</li></ul><a href='https://www.sykes-cpa.com/the-multi-store-owners-guide-to-selling-a-pharmacy-from-sykes-cpa/'>Read this episode at our transcript here</a> Did you like this episode of The Entrepreneurial Pharmacy Podcast? Stay up to date on new episodes by liking and subscribing! Interested in learning more about the podcast team and their experience? <a href='https://www.sykes-cpa.com/the-entrepreneurial-pharmacy-podcast/'>Click here</a> Stay connected with us on social media:  Sykes &amp; Company P.A.:   <a href='https://www.facebook.com/sykesandco '>Facebook</a> <a href='https://twitter.com/OllinSykes '>Twitter</a> <a href='https://www.linkedin.com/company/sykes-&amp;-company-p-a-?trk=tyah '>LinkedIn</a>  <a href='https://www.instagram.com/sykescpa/ '>Instagram</a> <a href='https://www.linkedin.com/in/ollinsykes/ '>Ollin Sykes , CPA, CITP, CMA LinkedIn</a> <a href='https://www.linkedin.com/in/scottysykes/ '>Scotty Sykes – CPA, CFP LinkedIn</a> <a href='https://twitter.com/ScottySykesCPA'>Scotty Sykes – CPA, CFP Twitter</a>

<description>&lt;p&gt;Think you&amp;apos;re ready to sell your pharmacy? &lt;a href='https://www.sykes-cpa.com/pharmacy-buy-sell-advisory-services/'&gt;&lt;b&gt;Schedule a meeting with us&lt;/b&gt;&lt;/a&gt;&lt;b&gt;!&lt;/b&gt; &lt;br/&gt;&lt;br/&gt;If you&amp;apos;re a multi-location pharmacy owner, you’re going to want to tune in to this episode of the Pharmacy Ownership Podcast! &lt;br/&gt;&lt;br/&gt;In this episode &lt;a href='https://www.sykes-cpa.com/your-team/scotty-sykes/'&gt;Scotty Sykes, CPA, CFP®&lt;/a&gt; and &lt;a href='https://www.sykes-cpa.com/your-team/ollin-sykes/'&gt;Ollin Sykes, CPA, CITP, CMA&lt;/a&gt; tackle a common yet complex issue: selling a single pharmacy location from a multi-store entity.  &lt;br/&gt;&lt;br/&gt;With real-world examples, Scotty and Ollin walk you through: &lt;/p&gt;&lt;ul&gt;&lt;li&gt;The crucial steps of spinning off one location &lt;/li&gt;&lt;li&gt;Importance of proper accounting practices, like using class codes for profit and loss statements and balance sheets&lt;/li&gt;&lt;li&gt;Common pitfalls pharmacy owners face when they haven’t prepared for such a transaction &lt;/li&gt;&lt;li&gt;Key advice for owners looking to avoid financing roadblocks and ensure a smooth sale&lt;/li&gt;&lt;/ul&gt;&lt;p&gt;&lt;a href='https://www.sykes-cpa.com/the-multi-store-owners-guide-to-selling-a-pharmacy-from-sykes-cpa/'&gt;Read this episode at our transcript here&lt;/a&gt;&lt;br/&gt;&lt;br/&gt;Did you like this episode of The Entrepreneurial Pharmacy Podcast? Stay up to date on new episodes by liking and subscribing!&lt;br/&gt;&lt;br/&gt;Interested in learning more about the podcast team and their experience? &lt;a href='https://www.sykes-cpa.com/the-entrepreneurial-pharmacy-podcast/'&gt;Click here&lt;/a&gt; &lt;br/&gt;&lt;br/&gt;&lt;b&gt;Stay connected with us on social media:  &lt;br/&gt;&lt;/b&gt;&lt;br/&gt;&lt;b&gt;Sykes &amp;amp; Company P.A.: &lt;/b&gt; &lt;br/&gt;&lt;br/&gt;&lt;a href='https://www.facebook.com/sykesandco '&gt;Facebook&lt;/a&gt; &lt;br/&gt;&lt;a href='https://twitter.com/OllinSykes '&gt;Twitter&lt;/a&gt; &lt;br/&gt;&lt;a href='https://www.linkedin.com/company/sykes-&amp;amp;-company-p-a-?trk=tyah '&gt;LinkedIn&lt;/a&gt;  &lt;br/&gt;&lt;a href='https://www.instagram.com/sykescpa/ '&gt;Instagram&lt;/a&gt;&lt;br/&gt;&lt;a href='https://www.linkedin.com/in/ollinsykes/ '&gt;Ollin Sykes , CPA, CITP, CMA LinkedIn&lt;/a&gt; &lt;br/&gt;&lt;a href='https://www.linkedin.com/in/scottysykes/ '&gt;Scotty Sykes – CPA, CFP LinkedIn&lt;/a&gt; &lt;br/&gt;&lt;a href='https://twitter.com/ScottySykesCPA'&gt;Scotty Sykes – CPA, CFP Twitter&lt;/a&gt; &lt;/p&gt;</description>

Think you're ready to sell your pharmacy? Schedule a meeting with us! If you're a multi-location pharmacy owner, you’re going to want to tune in to this episode of the Pharmacy Ownership Podcast! In this episode Scotty Sykes, CPA, CFP® and Ollin Sykes, CPA, CITP, CMA tackle a common yet complex issue: selling a single pharmacy location from a multi-store entity.  With real-world examples, Scotty and Ollin walk you through: The crucial steps of spinning off one location Importan...

The Multi Store Owners Guide to Selling Your Pharmacy

One of the most common questions we get from pharmacy owners looking to buy or sell a pharmacy is “what’s the pharmacy worth?” In this episode of The Pharmacy Ownership Podcast, <a href='https://www.sykes-cpa.com/your-team/ollin-sykes/'>Ollin Sykes, CPA, CITP, CMA</a> and <a href='https://www.sykes-cpa.com/your-team/scotty-sykes/'>Scotty Sykes, CPA, CFP</a> discuss assessing the worth of your pharmacy, maximizing the value of your pharmacy, maximizing cash flow, and more! Stay up to date on new episodes by liking and subscribing! <a href='https://www.sykes-cpa.com/media-resources/the-bottom-line-pharmacy-podcast/'>Click here to learn more about our podcast team and previous episodes.</a>   Want to read and follow along with this episode? Click <a href='https://www.sykes-cpa.com/whats-your-pharmacy-worth/'>here for the transcript</a>. Want to stay connected with us on social media:  Sykes &amp; Company P.A.:  <a href='https://www.facebook.com/sykesandco'>Facebook</a> <a href='https://twitter.com/SykesCompanyPA'>Twitter (X)</a> <a href='https://www.linkedin.com/company/sykes-&amp;-company-p-a-?trk=tyah'>LinkedIn</a> <a href='https://www.instagram.com/sykescpa/'>Instagram</a>   CPA’s: <a href='https://www.linkedin.com/in/scottysykes/'>Scotty Sykes – CPA, CFP LinkedIn</a> <a href='https://twitter.com/ScottySykesCPA'>Scotty Sykes – CPA, CFP Twitter</a> <a href='https://www.linkedin.com/in/ollinsykes/'>Ollin Sykes – CPA, CMA, CITP LinkedIn</a> More resources about this topic:  <a href='https://www.sykes-cpa.com/the-entrepreneurial-pharmacy-podcast-preparing-to-sell-your-pharmacy/'>Podcast – Preparing to Sell Your Pharmacy</a> <a href='https://www.sykes-cpa.com/do-these-two-things-before-selling-a-pharmacy/'>Blog – Do These 2 Things Before Selling Your Pharmacy</a> <a href='https://www.sykes-cpa.com/selecting-advisory-services-for-selling-a-pharmacy-business/'>Service – Buying and Selling Advisory</a> <a href='https://www.sykes-cpa.com/rx-assessment-service/'>Service – Rx Assessment</a>

<description>&lt;p&gt;One of the most common questions we get from pharmacy owners looking to buy or sell a pharmacy is “what’s the pharmacy worth?”&lt;br/&gt;&lt;br/&gt;&lt;/p&gt;&lt;p&gt;In this episode of The Pharmacy Ownership Podcast, &lt;a href='https://www.sykes-cpa.com/your-team/ollin-sykes/'&gt;Ollin Sykes, CPA, CITP, CMA&lt;/a&gt; and &lt;a href='https://www.sykes-cpa.com/your-team/scotty-sykes/'&gt;Scotty Sykes, CPA, CFP&lt;/a&gt; discuss assessing the worth of your pharmacy, maximizing the value of your pharmacy, maximizing cash flow, and more!&lt;br/&gt;&lt;br/&gt;&lt;/p&gt;&lt;p&gt;Stay up to date on new episodes by liking and subscribing! &lt;a href='https://www.sykes-cpa.com/media-resources/the-bottom-line-pharmacy-podcast/'&gt;Click here to learn more about our podcast team and previous episodes.&lt;/a&gt;  &lt;br/&gt;&lt;br/&gt;&lt;/p&gt;&lt;p&gt;Want to read and follow along with this episode? Click &lt;a href='https://www.sykes-cpa.com/whats-your-pharmacy-worth/'&gt;here for the transcript&lt;/a&gt;.&lt;br/&gt;&lt;br/&gt;&lt;/p&gt;&lt;p&gt;Want to stay connected with us on social media: &lt;br/&gt;&lt;br/&gt;&lt;/p&gt;&lt;p&gt;&lt;b&gt;Sykes &amp;amp; Company P.A.: &lt;/b&gt; &lt;/p&gt;&lt;p&gt;&lt;a href='https://www.facebook.com/sykesandco'&gt;Facebook&lt;/a&gt; &lt;br/&gt;&lt;a href='https://twitter.com/SykesCompanyPA'&gt;Twitter (X)&lt;/a&gt; &lt;br/&gt;&lt;a href='https://www.linkedin.com/company/sykes-&amp;amp;-company-p-a-?trk=tyah'&gt;LinkedIn&lt;/a&gt; &lt;br/&gt;&lt;a href='https://www.instagram.com/sykescpa/'&gt;Instagram&lt;/a&gt; &lt;br/&gt; &lt;/p&gt;&lt;p&gt;&lt;b&gt;CPA’s&lt;/b&gt;: &lt;/p&gt;&lt;p&gt;&lt;a href='https://www.linkedin.com/in/scottysykes/'&gt;Scotty Sykes – CPA, CFP LinkedIn&lt;/a&gt; &lt;/p&gt;&lt;p&gt;&lt;a href='https://twitter.com/ScottySykesCPA'&gt;Scotty Sykes – CPA, CFP Twitter&lt;/a&gt; &lt;/p&gt;&lt;p&gt;&lt;a href='https://www.linkedin.com/in/ollinsykes/'&gt;Ollin Sykes – CPA, CMA, CITP LinkedIn&lt;/a&gt;&lt;br/&gt;&lt;br/&gt;&lt;/p&gt;&lt;p&gt;&lt;b&gt;More resources about this topic:  &lt;/b&gt;&lt;/p&gt;&lt;p&gt;&lt;a href='https://www.sykes-cpa.com/the-entrepreneurial-pharmacy-podcast-preparing-to-sell-your-pharmacy/'&gt;Podcast – Preparing to Sell Your Pharmacy&lt;/a&gt; &lt;/p&gt;&lt;p&gt;&lt;a href='https://www.sykes-cpa.com/do-these-two-things-before-selling-a-pharmacy/'&gt;Blog – Do These 2 Things Before Selling Your Pharmacy&lt;/a&gt; &lt;/p&gt;&lt;p&gt;&lt;a href='https://www.sykes-cpa.com/selecting-advisory-services-for-selling-a-pharmacy-business/'&gt;Service – Buying and Selling Advisory&lt;/a&gt; &lt;/p&gt;&lt;p&gt;&lt;a href='https://www.sykes-cpa.com/rx-assessment-service/'&gt;Service – Rx Assessment&lt;/a&gt; &lt;/p&gt;</description>

One of the most common questions we get from pharmacy owners looking to buy or sell a pharmacy is “what’s the pharmacy worth?”In this episode of The Pharmacy Ownership Podcast, Ollin Sykes, CPA, CITP, CMA and Scotty Sykes, CPA, CFP discuss assessing the worth of your pharmacy, maximizing the value of your pharmacy, maximizing cash flow, and more!Stay up to date on new episodes by liking and subscribing! Click here to learn more about our podcast team and previous episodes.  Want to read ...

Assessing The True Value of Your Pharmacy

Before selling your pharmacy, it’s important that you have sound financials, but what other steps need to be taken? In this episode of <a href='https://www.sykes-cpa.com/the-entrepreneurial-pharmacy-podcast/'>The Pharmacy Ownership Podcast</a>, we dive deep into what you need to consider when selling your pharmacy. We talk about what pharmacy lending banks are looking for, cash vs. accrual accounting, perpetual inventory, and more! Stay up to date on new episodes by liking and subscribing! <a href='https://www.sykes-cpa.com/media-resources/the-bottom-line-pharmacy-podcast/'>Click here to learn more about our podcast team and previous episodes.</a>  Want to read and follow along with this episode? <a href='https://www.sykes-cpa.com/the-entrepreneurial-pharmacy-podcast-preparing-to-sell-your-pharmacy/'>Click here for the transcript</a>.Want to stay connected? Check out all of our social media:  Sykes &amp; Company P.A.:  <a href='https://www.facebook.com/sykesandco'>Facebook</a> <a href='https://twitter.com/SykesCompanyPA'>Twitter (X)</a> <a href='https://www.linkedin.com/company/sykes-&amp;-company-p-a-?trk=tyah'>LinkedIn</a> <a href='https://www.instagram.com/sykescpa/'>Instagram</a>   CPA’s: <a href='https://www.linkedin.com/in/scottysykes/'>Scotty Sykes – CPA, CFP LinkedIn</a> <a href='https://twitter.com/ScottySykesCPA'>Scotty Sykes – CPA, CFP Twitter</a> <a href='https://www.linkedin.com/in/ollinsykes/'>Ollin Sykes – CPA, CMA, CITP LinkedIn</a> More resources about this topic:  <a href='https://www.sykes-cpa.com/do-these-two-things-before-selling-a-pharmacy/'>Blog – Do These Two Things Before Selling Your Pharmacy</a> <a href='https://www.sykes-cpa.com/selecting-advisory-services-for-selling-a-pharmacy-business/'>Blog – Selecting Advisory Services for Selling a Pharmacy Business</a> <a href='https://www.sykes-cpa.com/roadblocks-to-selling-or-buying-a-pharmacy/'>Blog – Roadblocks to Selling Your or Buying a Pharmacy</a> <a href='https://www.youtube.com/watch?v=jf8P2YE5Z9o'>Podcast – The Entrepreneurial Pharmacy Podcast: Are You Ready to Sell Your Pharmacy</a>

<description>&lt;p&gt;Before selling your pharmacy, it’s important that you have sound financials, but what other steps need to be taken? &lt;/p&gt;&lt;p&gt;In this episode of &lt;a href='https://www.sykes-cpa.com/the-entrepreneurial-pharmacy-podcast/'&gt;The Pharmacy Ownership Podcast&lt;/a&gt;, we dive deep into what you need to consider when selling your pharmacy. We talk about what pharmacy lending banks are looking for, cash vs. accrual accounting, perpetual inventory, and more! &lt;/p&gt;&lt;p&gt;Stay up to date on new episodes by liking and subscribing! &lt;a href='https://www.sykes-cpa.com/media-resources/the-bottom-line-pharmacy-podcast/'&gt;Click here to learn more about our podcast team and previous episodes.&lt;/a&gt;  &lt;/p&gt;&lt;p&gt;Want to read and follow along with this episode? &lt;a href='https://www.sykes-cpa.com/the-entrepreneurial-pharmacy-podcast-preparing-to-sell-your-pharmacy/'&gt;Click here for the transcript&lt;/a&gt;.&lt;/p&gt;&lt;p&gt;Want to stay connected? Check out all of our social media:  &lt;/p&gt;&lt;p&gt;&lt;b&gt;Sykes &amp;amp; Company P.A.: &lt;/b&gt; &lt;/p&gt;&lt;p&gt;&lt;a href='https://www.facebook.com/sykesandco'&gt;Facebook&lt;/a&gt; &lt;br/&gt;&lt;a href='https://twitter.com/SykesCompanyPA'&gt;Twitter (X)&lt;/a&gt; &lt;br/&gt;&lt;a href='https://www.linkedin.com/company/sykes-&amp;amp;-company-p-a-?trk=tyah'&gt;LinkedIn&lt;/a&gt; &lt;br/&gt;&lt;a href='https://www.instagram.com/sykescpa/'&gt;Instagram&lt;/a&gt; &lt;br/&gt; &lt;/p&gt;&lt;p&gt;&lt;b&gt;CPA’s&lt;/b&gt;: &lt;/p&gt;&lt;p&gt;&lt;a href='https://www.linkedin.com/in/scottysykes/'&gt;Scotty Sykes – CPA, CFP LinkedIn&lt;/a&gt; &lt;br/&gt;&lt;a href='https://twitter.com/ScottySykesCPA'&gt;Scotty Sykes – CPA, CFP Twitter&lt;/a&gt; &lt;br/&gt;&lt;a href='https://www.linkedin.com/in/ollinsykes/'&gt;Ollin Sykes – CPA, CMA, CITP LinkedIn&lt;/a&gt; &lt;/p&gt;&lt;p&gt;&lt;b&gt;More resources about this topic:&lt;/b&gt;  &lt;/p&gt;&lt;p&gt;&lt;a href='https://www.sykes-cpa.com/do-these-two-things-before-selling-a-pharmacy/'&gt;Blog – Do These Two Things Before Selling Your Pharmacy&lt;/a&gt; &lt;br/&gt;&lt;a href='https://www.sykes-cpa.com/selecting-advisory-services-for-selling-a-pharmacy-business/'&gt;Blog – Selecting Advisory Services for Selling a Pharmacy Business&lt;/a&gt; &lt;br/&gt;&lt;a href='https://www.sykes-cpa.com/roadblocks-to-selling-or-buying-a-pharmacy/'&gt;Blog – Roadblocks to Selling Your or Buying a Pharmacy&lt;/a&gt; &lt;br/&gt;&lt;a href='https://www.youtube.com/watch?v=jf8P2YE5Z9o'&gt;Podcast – The Entrepreneurial Pharmacy Podcast: Are You Ready to Sell Your Pharmacy&lt;/a&gt; &lt;/p&gt;</description>

Before selling your pharmacy, it’s important that you have sound financials, but what other steps need to be taken? In this episode of The Pharmacy Ownership Podcast, we dive deep into what you need to consider when selling your pharmacy. We talk about what pharmacy lending banks are looking for, cash vs. accrual accounting, perpetual inventory, and more! Stay up to date on new episodes by liking and subscribing! Click here to learn more about our podcast team and previous episodes....

Preparing to Sell Your Pharmacy

Before buying a pharmacy, it’s important that you do your due diligence, but what does due diligence look like?  On this episode of The Pharmacy Ownership Podcast, Ollin Sykes, CPA, CMA, CITP and Scotty Sykes, CPA, CFP discuss everything about Due Diligence.   We share the different types of due diligence, why it’s important to do your due diligence, what information you need to look for, and more! Stay up to date on new episodes by liking and subscribing!  Interested in learning more about the podcast team and their experience? <a href='https://www.sykes-cpa.com/the-entrepreneurial-pharmacy-podcast/'>Click here</a>   Want to read and follow along with this episode? Click below for the transcript:  (insert transcript link)  Want to stay connected? Check out all of our social media:  Sykes &amp; Company P.A.:   <a href='https://www.facebook.com/sykesandco'>Facebook</a>   <a href='https://twitter.com/SykesCompanyPA'>Twitter (X)</a>   <a href='https://www.linkedin.com/company/sykes-&amp;-company-p-a-?trk=tyah'>LinkedIn</a>   <a href='https://www.instagram.com/sykescpa/'>Instagram</a>    CPA’s:  <a href='https://www.linkedin.com/in/scottysykes/'>Scotty Sykes – CPA, CFP LinkedIn</a>  <a href='https://twitter.com/ScottySykesCPA'>Scotty Sykes – CPA, CFP Twitter</a>  <a href='https://www.linkedin.com/in/ollinsykes/'>Ollin Sykes – CPA, CMA, CITP LinkedIn</a>  More resources about this topic:   <a href='https://www.sykes-cpa.com/the-importance-of-due-diligence-when-buying-a-pharmacy/ '>Blog – The Importance of Due Diligence When Buying a Pharmacy</a> <a href='https://www.sykes-cpa.com/the-pharmacy-buyers-guide-buying-a-pharmacy-in-a-stock-purchase/ '>Blog – The Pharmacy Buyers Guide to a Common Stock Purchase</a> <a href='https://www.sykes-cpa.com/buying-a-pharmacy-your-step-by-step-process/ '>Blog – The Step-by-Step Process to Buying a Pharmacy</a>

<description>&lt;p&gt;Before buying a pharmacy, it’s important that you do your due diligence, but what does due diligence look like?  &lt;/p&gt;&lt;p&gt;On this episode of The Pharmacy Ownership Podcast, Ollin Sykes, CPA, CMA, CITP and Scotty Sykes, CPA, CFP discuss everything about Due Diligence. &lt;/p&gt;&lt;p&gt;  &lt;/p&gt;&lt;p&gt;We share the different types of due diligence, why it’s important to do your due diligence, what information you need to look for, and more! &lt;/p&gt;&lt;p&gt;Stay up to date on new episodes by liking and subscribing! &lt;/p&gt;&lt;p&gt; &lt;/p&gt;&lt;p&gt;Interested in learning more about the podcast team and their experience? &lt;a href='https://www.sykes-cpa.com/the-entrepreneurial-pharmacy-podcast/'&gt;Click here&lt;/a&gt;  &lt;/p&gt;&lt;p&gt; &lt;/p&gt;&lt;p&gt;Want to read and follow along with this episode? Click below for the transcript: &lt;/p&gt;&lt;p&gt; &lt;/p&gt;&lt;p&gt;(insert transcript link) &lt;/p&gt;&lt;p&gt; &lt;/p&gt;&lt;p&gt;Want to stay connected? Check out all of our social media: &lt;/p&gt;&lt;p&gt; &lt;/p&gt;&lt;p&gt;&lt;b&gt;Sykes &amp;amp; Company P.A.: &lt;/b&gt; &lt;/p&gt;&lt;p&gt; &lt;/p&gt;&lt;p&gt;&lt;a href='https://www.facebook.com/sykesandco'&gt;Facebook&lt;/a&gt; &lt;br/&gt; &lt;/p&gt;&lt;p&gt;&lt;a href='https://twitter.com/SykesCompanyPA'&gt;Twitter (X)&lt;/a&gt; &lt;br/&gt; &lt;/p&gt;&lt;p&gt;&lt;a href='https://www.linkedin.com/company/sykes-&amp;amp;-company-p-a-?trk=tyah'&gt;LinkedIn&lt;/a&gt; &lt;br/&gt; &lt;/p&gt;&lt;p&gt;&lt;a href='https://www.instagram.com/sykescpa/'&gt;Instagram&lt;/a&gt; &lt;br/&gt; &lt;br/&gt;&lt;br/&gt;&lt;/p&gt;&lt;p&gt;&lt;b&gt;CPA’s&lt;/b&gt;: &lt;/p&gt;&lt;p&gt; &lt;/p&gt;&lt;p&gt;&lt;a href='https://www.linkedin.com/in/scottysykes/'&gt;Scotty Sykes – CPA, CFP LinkedIn&lt;/a&gt; &lt;/p&gt;&lt;p&gt; &lt;/p&gt;&lt;p&gt;&lt;a href='https://twitter.com/ScottySykesCPA'&gt;Scotty Sykes – CPA, CFP Twitter&lt;/a&gt; &lt;/p&gt;&lt;p&gt; &lt;/p&gt;&lt;p&gt;&lt;a href='https://www.linkedin.com/in/ollinsykes/'&gt;Ollin Sykes – CPA, CMA, CITP LinkedIn&lt;/a&gt; &lt;/p&gt;&lt;p&gt; &lt;/p&gt;&lt;p&gt;&lt;b&gt;More resources about this topic: &lt;/b&gt; &lt;/p&gt;&lt;p&gt; &lt;/p&gt;&lt;p&gt;&lt;a href='https://www.sykes-cpa.com/the-importance-of-due-diligence-when-buying-a-pharmacy/ '&gt;Blog – The Importance of Due Diligence When Buying a Pharmacy&lt;/a&gt;&lt;/p&gt;&lt;p&gt; &lt;/p&gt;&lt;p&gt;&lt;a href='https://www.sykes-cpa.com/the-pharmacy-buyers-guide-buying-a-pharmacy-in-a-stock-purchase/ '&gt;Blog – The Pharmacy Buyers Guide to a Common Stock Purchase&lt;/a&gt;&lt;/p&gt;&lt;p&gt; &lt;/p&gt;&lt;p&gt;&lt;a href='https://www.sykes-cpa.com/buying-a-pharmacy-your-step-by-step-process/ '&gt;Blog – The Step-by-Step Process to Buying a Pharmacy&lt;/a&gt;&lt;/p&gt;</description>

Before buying a pharmacy, it’s important that you do your due diligence, but what does due diligence look like?  On this episode of The Pharmacy Ownership Podcast, Ollin Sykes, CPA, CMA, CITP and Scotty Sykes, CPA, CFP discuss everything about Due Diligence.   We share the different types of due diligence, why it’s important to do your due diligence, what information you need to look for, and more! Stay up to date on new episodes by liking and subscribing!  ...

What is Due Diligence

Are you a pharmacist that's looking to buy, sell or start a pharmacy? Welcome to The Pharmacy Ownership Podcast! This show is for the pharmacist with an entrepreneurial mindset. The pharmacist that want's to provide better patient care to their community. The pharmacist that wants to grow their practice! On this show, we give independent pharmacy owners best practices for starting, selling and buying a pharmacy from over 40 years of transition research, insights, and working exclusively with independent pharmacies. Sit down with Ollin Sykes, CPA, CITP, CMA &amp; Scotty Sykes, CPA, CFP as they discuss topics such as the proper way to do due diligence, how much time you need to sell your pharmacy, and more!

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